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by Will Purcell
The diamond and specialty minerals stocks box score for Friday was a slow 35-39-177. The TSX Venture Exchange fell one point to 552 while polished diamond prices fell 0.3 per cent. Ken MacNeill and George Read's Shore Gold Inc. (SGF) fell one-half cent to 14 cents on 165,000 shares. The company's woes continued this week -- Shore hit another 52-week low of 13.5 cents Thursday -- despite news it recovered more diamonds at Orion South. The company needs to show investors it can find $2-billion to build its Star-Orion South mine. Quaterra Resources Inc. (QTA) fell two cents to eight cents on 36,000 shares following the resignation of its president and CEO, Steven Dischler.
James Bruchs's Tsodilo Resources Ltd. (TSD), unchanged at 75 cents on 2,000 shares, has a new director, Mark Snowcroft. His appointment expands Tsodilo's board to seven and adds geological experience to a board dominated by Washington lawyers. (Mr. Bruchs, CEO and chairman, specialized in commodity futures law, Patrick McGinley is a business lawyer and David Cushing specializes in property law. Thomas Bruington is a lawyer too, but he hails from Vancouver. Johnathan Kelafant is not a lawyer, but he lives in Arlington, a Washington suburb.) The only fellow on Tsodilo's board until now with any diamond experience is Dr. Michiel de Wit. He arrived in 2009 and was appointed president the following year.
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